The technology reinforces the bank endeavors to digitalize corporate business online operations and build lasting customer relationships to win in the Digital Economy.
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
The Russian Direct Investment Fund (RDIF), Egypt's Minapharm, and its Berlin-based subsidiary, ProBioGen AG, have agreed to produce over 40 million doses per year of the world's first registered vaccine against COVID-19, Sputnik V.
EyeLock's recently introduced, Portable Template solution was selected due to its ability to provide a highly secure and accurate iris biometric solution and protect the user's personally identifiable information.
Egypt and South Sudan signed have signed a memorandum of understanding to build an integrated farming of crop, livestock and fish.
The Central Bank of Egypt (CBE) has announced signing a cooperation agreement with the National Telecommunication Regularity Authority (NTRA) to help pensioners obtain their financial dues and proceed ahead with any banking transaction swiftly and easily.
Esri , the global leader in location intelligence, announced the Egyptian partner Quality Standards for Information Technology (QSIT), has successfully implemented the Crop Mapping and Field Boundary Detection solution.
To meet challenges such as crop disease, weed management, pest control, and irrigation, Agricultural Engineering Research Institute (AEnRI) sought to increase agricultural output in different regions all over Egypt.
Marine engineering consultancy LOC, part of AqualisBraemar LOC Group, has been awarded a two-year contract to provide marine warranty services to support Petrobel’s offshore assets.
Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has announced that it will be waiving all fees for new businesses wishing to benefit from its services in Egypt.
The agreement aims to empower the educational sector and prepare it for the post-Covid era, especially after the increased confidence in distance learning and the need for an integrated and safe platform for smart education.
The agreement aims to expand the company's business in Egypt, contributing to the creation of 4,800 new jobs of highly qualified specialists to provide outsourcing services to the company's customers worldwide.
The IIC aims at raising awareness of the Fourth Industrial Revolution technologies and practical applications in smart factories.
Alstom announced it successfully installed and commissioned its SIL 4 signaling Electronic Interlocking SYSTEM, including a support system and SCADA that supervises and controls different subsystems.
Al Tamimi & Company will provide critical guidance to companies navigating complex cross-border transactions in the maritime, shipping and customs sectors.
The partnership will allow LuLushoppers to benefit from valU’s affordable and convenient financing plans, powered by PayTabs Egypt’s payment gateway.
Binance Charity announces $1 million crypto donation to UNICEF to help in global COVID-19 vaccine rollout
Binance Charity has announced the world’s first crypto donation to UNICEF’s role in the global COVID-19 vaccine rollout—the largest vaccine procurement and supply operation ever undertaken.
They discussed areas for cooperation, establishing partnerships between the two countries in digital technologies, and growing the IT market in Egypt and Denmark.
The new products comply with the company’s green criteria, including lower CO2 footprint and recycled content.
The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP).
United Oil and Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced discovery at ASD-1X exploration well in the Abu Sennan concession, onshore Egypt.
Network International, an enabler of digital commerce across the Middle East and Africa (MEA), has appointed Egyptian national Hany Fekry as the Regional President for Northern and sub-Saharan Africa.
While most smartphone markets across the Middle East and Africa suffered declines in 2020, Egypt recorded healthy year-on-year (YoY) growth according to the latest figures announced by International Data Corporation, IDC.
Riverbed® has announced that Elaraby Group, an Egyptian manufacturer and retailer of home electronics, has maximized the value of its Microsoft Office 365 investment by deploying Riverbed® SaaS Accelerator.
The project will improve supply and enhance reliability of power across Sudan. Today, only around 60 percent of the population in Sudan has access to electricity.
[Egypt] Vodafone Intelligent Solutions launches Digital Society Hackathon targeting professionals in data coding
With its theme of “A Code to Move the World”, the hackathon aims to provide an opportunity for talented young people to develop their skills, share ideas and get inspired by a team of exceptional experts, mentors and speakers.
Pharos Energy receives provisional approval for amendment of fiscal terms of El Fayum Concession in Egypt
Pharos Energy has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concession, now subject to the approval of the Egyptian Government.
PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt. The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing a wide multi-sensor GeoStreamer spread.
Kemin Industries is growing its presence in the global vaccine market by becoming majority shareholder of MEVAC, an animal vaccine manufacturer based in Cairo, Egypt.
UAE-based TIME Hotels will be opening its first two hotels in Egypt later this year – the five-star TIME Coral Resort Nuweiba in the Red Sea resort of Nuweiba and the four-star TIME Marina Hotel & Conference Centre.
Shelf Drilling announced it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez offshore Egypt.
Brightskies and Alexandria University secure EGP 5million fund to develop electrical powertrain system in Egypt
The funding underscores Egypt’s plans of using the largest possible percentage of local components in the automotive sector as well as focusing on reducing CO2 emissions and having more sustainable and green public transportation means, which will positively impact the overall environment and air quality.
Newly launched "click and collect" service reinvents shopping experiences in Egypt to offer customers more convenience and choice.
Lafarge Egypt partners with National Research Centre to promote use of innovative construction materials
The National Research Centre (NRC) and Lafarge Egypt, a member of LafargeHolcim Group, have inked a Memorandum of Understanding, to promote the future of the Cement Industry in Egypt.
IFC, a member of the World Bank Group, is joining forces with the Egyptian Fintech Association to support fintech entrepreneurs, part of a wider effort to spur private sector development and economic growth in the country.
Africa’s mobile users are increasingly concerned about mobile risks and the potential for digital identity theft; however, this is not stopping them from using their favourite messaging platforms and applications.
TransGlobe Energy announces successful recompletion of SGZ-6X well in South Ghazalat concession, Egypt
TransGlobe Energy announced that the recompletion of Western Desert, South Ghazalat (SGZ-6X well), to the deeper, more prospective lower Bahariya reservoir, has been successfully concluded.
The United States government, through the U.S. Agency for International Development (USAID), is collaborating with Google to train and mentor hundreds of Egyptian women and youth business owners, as well as business advisors, in 2021.
The U.S. government, through the U.S. Agency for International Development (USAID), will be providing an additional $14.5 million to prepare Egyptian public university students for career success.
Egypt and UAE officials have discussed collaborations to develop the content of the Digital School to provide a certified high-tech online education to reach students in disadvantaged communities across the world.
In its recently held AGM, Vodafone Egypt approved a dividend of EGP 2 billion, of which Telecom Egypt’s share amounts to cEGP 0.9 billion.
This is not the first time Egypt is cooperating with France as the French Space Agency has previously offered cooperation with Egypt in the manufacture of a satellite, training and outer space exploration.
The Ministry of Communications and Information Technology (MCIT) in Egypt has signed a MoU with Thales, a global company in high technology solutions to further develop Artificial Intelligence applications in the country.
AEEE Capital Holding & Advisory Group Inc (AEEE) has signed a $650 million deal to complete development and construction management of a 500-acre Phase II sector of the New Capital East of Cairo in Egypt.
The European Bank for Reconstruction and Development (EBRD) is supporting the Egyptian economy with a $100 million financing package to Banque du Caire for trade financing and on-lending to local micro, small and medium-sized companies (MSMEs).
Orange Egypt and Tabarak Development transform real estate project 90 Avenue into an Integrated Smart Compound
Orange Egypt, a provider of integrated telecommunications services, has signed a cooperation agreement with Tabarak Development, the real estate developer in Egypt.
Egypt’s Information Technology Industry Development Agency (ITIDA) has issued new licenses for local companies to provide e-signature services.
The aim is to hone the technical skills of the initiative participants, introduce state-of-the-art digital technologies and provide excellent opportunities of professional training.
IFC and ALEXBANK, a Egyptian private bank, announced a partnership to help Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity and incomes.
The African Development Bank (AfDB), announced it issued a sanction decision against Mitsubishi Heavy Industries (MHI), for sanctionable practice.
The EBRD has reaffirmed its commitment to scaling up green inter mediated financing by approving additional headroom for the next phase of its successful large-scale partnership with the Green Climate Fund.
The liquefaction plant, owned by SEGAS, with a capacity of 7.56 billion cubic meters per year, which has been idle since November 2012, has resumed production.
Alfa Laval, a world player in heat transfer, centrifugal separation and fluid handling, has won an order to supply Alfa Laval OLMI air coolers to a refinery in Egypt.
IBM, EGYPTAIR Tourism and Duty Free Co. announced a new agreement in which the airline will leverage IBM Cloud to scale and modernize EGYPTAIR Duty Free back-end operations and host its SAP Travel Retail System.
Cairn Energy announces proposed acquisition of production, development and exploration interests onshore Egypt
Cairn, together with Cheiron, announced the proposed acquisition of a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt.
The World Bank approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways.
Morocco suspended all flights to and from Algeria and Egypt as part of its efforts to curb the spread of COVID-19
United Oil & Gas PLC, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets has announced the spudding of the ASD-1X exploration well in the Abu Sennan Licence , Egypt.
Gulf Capital, a growth markets alternative investment firm, announced the successful and full exit of its investment in ECDC, an oil & gas drilling and production services provider in the Middle East and Africa.
SDX Energy announced it has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031.
Temenos, the banking software company, announced Suez Canal Bank has selected Temenos Infinity to transform the digital customer experience for its retail and business banking.
It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure.
The African Development Bank approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile.
DHL Industrial Projects, is supporting Dunakeszi Járműjavító Kft with the transport of the largest order of rolling stock in the history of Hungary. In total, 676 coaches are being transferred from the production site in Dunakeszi, Hungary, to Egypt.
[Africa Tech Review] Duncan Mochama: Fintech is driving and reshaping the financial sector in Africa
As a key driver of growth in the region, fintech has become a viable alternative to traditional banking in both urban and rural areas.
Turboden, Siemens Energy start development of high efficient gas compressor station at GASCO in Egypt
Turboden, the supplier of largest high-temperature ORC system ever built, which, coupled with 20 MWe electric motor driven (EMD) compressors supplied by Siemens Energy, is boosting the efficiency of GASCO Dahshour gas compressor station in Egypt.
Early-stage investor DFS Lab has announced that it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt.
The Egyptian Ministry of Petroleum and Schlumberger announced the launch of the Egypt Upstream Gateway, an innovative national project for the digitalization of subsurface information.
Energean announced that AbuQir Petroleum, a Joint Venture between Energean and EGPC, signed an integrated EPCI iEPCI contract to global offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt.
IFC announced a financing package for leading glassware manufacturer Pasabahce Egypt for Glass Manufacturing S.A.E. to help the company boost exports, introduce cleaner production practices, and create jobs.
Bechtel has been selected to supply the coker furnace equipment for the Suez Oil Processing Company’s (SOPC) energy efficiency and upgrade program in Egypt.
United Oil & Gas (UOG), the oil and gas company with a portfolio of production, development, exploration and appraisal assets, provided an update on the drilling of the ASH-3 well in the Abu Sennan concession, onshore Egypt.
The 8,700 square-metre hypermarket is the third LuLu in Egypt, which is planning to expand further in the biggest market in the MENA region.
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a dry port and logistics centre in 10th of Ramadan City, Egypt, with a €1 million contribution to project preparation and procurement.
The Democratic Republic of Congo has just signed an agreement with Egypt for the establishment of a solar power plant in the Central African country.
Hitachi ABB Power Grids to provide Egypt’s first advanced power quality solution to support grid expansion
Global energy solutions company Hitachi ABB Power Grids will provide state-owned Egyptian Electricity Transmission Company (EETC) with high-performance grid stabilization technology to help improve power quality and expand transmission.
Orange Egypt, provider of integrated telecommunications services, has been certified as “Top Employer for 2021” in Egypt and Africa for the seventh year in a row by the global Top Employers institute.
CDC Group, the UK’s development finance institution and impact investor, announced a $100 million minority equity investment in Egyptian Alfa Medical Group (AMG).
Orange Business Services, a network-native digital services company, has announced that it will design and build a new data center to provide cloud services for Egypt’s ‘New Administrative Capital'.
NEC Corporation has announced it has been selected by Orange Egypt to provide additional units of iPASOLINK EX Advanced, NEC's outdoor, integrated, ultra-compact microwave radio system supporting 70-80 GHz band communications.
In support of the Central Bank of Egypt’s accelerated drive towards a cashless economy, the Arab African International Bank (AAIB), announced it will offer Egyptian merchants the state-of-the-art N-Genius™ acceptance platform.
ADES International, oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a new contract for Admarine 5 in the Gulf of Suez in Egypt.
Hikma Pharmaceuticals has entered into a non-binding term sheet with GlaxoSmithKline (GSK) for the purposes of potentially acquiring GSK’s interests in Egypt and Tunisia
Bank Audi and First Abu Dhabi Bank (FAB) announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt.
Egyptian Minister for Petroleum and Mineral Resources Tariq Al-Mulla, signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4.
Energean announced that Final Investment Decision has been taken on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project in offshore Egypt.
Through a new initiative, IFC will work with financial institutions in four countries to mobilize private sector financing for climate mitigation and adaptation projects and help align financial-sector strategies with the targets of the Paris Climate Agreement.
Qatar Airways resumed flights to Cairo in the Arab Republic of Egypt with a daily service. QR1301 departed Hamad International Airport to Cairo International Airport at 15:15 local time and landed at its destination at 17:40 local time.
Telecom Egypt and the Ministry of Social Solidarity sign agreement to support social protection programmes
Telecom Egypt and the Ministry of Social Solidarity have signed an agreement to provide telecommunications services to the Ministry and the beneficiaries of social protection programs, namely the "Takaful and Karama" programmes.
Apex International Energy, which is backed in part by UK energy investment firm Blue Water Energy, announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.
The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organization (UNWTO), joined forces to support countries that are among the most dependent on tourism for jobs and economic growth.
EFG Hermes, the financial services corporation in Frontier Emerging Markets (FEM), announced the successful closing of the first issuance in an EGP 6.5 billion securitization program for Amer Group, Porto Group, and Qasatli.
Egyptian life science startup Nawah Scientific announced the the closing a second pre-series A round of $1 million in mixed equity and debt capital, raising its total funding to $2 million.
Docspert Health, a telemedicine startup with operations in the UK and Egypt, announced it has successfully closed Six-Figure USD investment in seed funding from Flat6Labs and a group of angel investors in the UK and USA.
Zenith Energy announced it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer.
Temenos, the banking software company announced that Arab Investment Bank has selected Temenos to power its digital customer experience.
TradeTech innovator, Ovamba Solutions and financial services provider, Singularity Finance have partnered to deliver financial inclusion and growth capital to small and growing businesses in Egypt.
Egypt-based fintech startup Cassbana has raised $1 million in a pre-seed funding round led by Egyptian fintech-focused venture capitalist fund Disruptech Ventures.
The U.S. Trade and Development Agency (USTDA) awarded grants to the Amreya Petroleum Refining Company (APRC) and Suez Oil Processing Company (SOPC) for feasibility studies to modernize each company’s refinery.